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Riyadh - Mubasher: Prince Alwaleed bin Talal has been ranked number one in Middle East Magazine’s 2017 list of the World’s 50 Most Influential Arabs, for the ninth consecutive year. The chairman of Kingdom Holding Company (KHC) and Alwaleed …

Riyadh – Mubasher: Al Rajhi Capital on Tuesday said that the Saudi telecommunications sector is likely to witness a drop in earnings for the third quarter of 2017. Factors that lead to this decline include; longer than usual school holidays, …

Riyadh – Mubasher: Wafrah for Industry and Development on Monday signed a sales and distribution agreement with Saudi Industrial Export company (SIECO) to export its products to Iraq, Jordan, and North Africa. The agreement term is one year, …

Riyadh – Mubasher: Saudi Arabia's minister of finance Mohammed Al-Jadaan told bond investors on Monday during a presentation that the initial public offering (IPO) of the Saudi Arabian Oil Company (Saudi Aramco) will be carried on as planned in …

Riyadh – Mubasher: Bank Albilad’s board of directors approved the distribution of dividend totalling SAR 180 million to shareholders for the first half of 2017. The bank will distribute dividends at SAR 0.3 per share, representing a par value of …

Mubasher: US president Donald Trump is set to reveal new details of his tax reform plan on Wednesday, according to the White House. The White House press secretary Sarah Huckabee Sanders said in a press conference on Monday that Trump will give a …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) on Monday, 25 September signed a SAR 10.9 million ($2.9 million) agreement with Tecnica Y Proyectos S.A. (TYPSA) to design a mixed-use hotel complex. The project will be located in North …

Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) on Monday said that it has authorised several domestic and international banks to manage the sale of the government’s US dollar-denominated sale. Reports forecast that the new issue of …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday said that the initial public offerings (IPOs) of the companies on the Saudi Stock Exchange (Tadawul) reached nine at a value of SAR 3.173 billion during the first half of 2017. …

Riyadh – Mubasher: MedGulf Insurance and Reinsurance Cooperative Company’s (MedGulf) Extraordinary General Meeting (EGM) approved on Friday, 22 September to reduce its capital to SAR 400 million from SAR 1 billion. The capital decrease will be …

Riyadh - Mubasher: It was reported on Sunday that Saudi Arabia is set to begin implementing a new bankruptcy law early next year. The new law would be part of the Saudi government efforts to attract more foreign investment, as under the current …

Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) launched six initiatives at a value of SAR 1.1 billion in 2017 ($296 million) which were included in the National Transformation Program 2020. These initiatives are …

Cairo – Mubasher: Delta for Construction and Rebuilding on Sunday signed an EGP 641 million joint loan agreement with Banque Misr and the Arab African International Bank (AAIB). Delta for Construction and Rebuilding is a subsidiary of Egyptian …

Riyadh – Mubasher: Saudi Arabia-based Flyadeal launched on Saturday, 23 September its first commercial flight to Riyadh from Jeddah in accordance with celebrating the occasion of the Saudi National Day. The chairman of Flyadeal, and the director …

Abu Dhabi – Mubasher: The Committee of Ministers of Transport and Communication in the GCC has decided to postpone the implementation of the Gulf Railway to 2020 – 2021 instead of 2018. The UAE is willing to fully execute this project, minister of …

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will suspend its trading activities on Sunday, 24 September on the occasion of celebrating the Saudi National Day. Trading activities will resume on Monday, 25 September. On Thursday, the …

Riyadh – Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September. Saudi Arabian Fertilizer Co (SAFCO) on Tuesday, 26 September will start …